US: Hopes housing data will buck weak March trend

Housing and manufacturing reports will lead the data parade next week. Economists expect the numbers to buck the recent trend of weaker activity last month. But forecasters have been wrong before about March data. Next week’s factory reports will cover March and April.
The first of two regional Federal Reserve surveys is scheduled to be reported Monday. The New York Fed’s Empire State survey is expected to show continued expansion although at a slightly weaker pace. The business conditions index is forecast to slow to 7.5 in April from 9.24 in March, according to the median forecast of economists surveyed by Dow Jones Newswires………………………………………..Full Article: Source